Royal Caribbean Cruises RCL
NYSE RCL
$264.53 -0.66 (-0.25%)
As of: Sep 8, 2026 · 3:59 PM EDT

Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026)

Royal Caribbean Cruises' (RCL) quarterly EBT Margin came in at 23.8% in Q2 2026, down 335.0% year-over-year from 10.13% in Q2 2025, and up 8.56% quarter-over-quarter from 21.92% in Q1 2026.

Analysis

Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises has disclosed EBT Margin across 18 years of filings, most recently posting 23.8% for Q2 2026.

  • In Q2 2026, EBT Margin fell 335.0% year-over-year to 23.8%; the TTM figure through Jun 2026 stood at 22.78% (up 312.0% YoY), while the FY2025 annual figure was 24.38%, up 654.0% from the prior year.
  • EBT Margin came in at 23.8% for Q2 2026 at Royal Caribbean Cruises, up from 21.92% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 28.35% in Q3 2025 to a low of 107.02% in Q1 2022.
  • Average EBT Margin over 5 years is 4.8%, with a median of 13.95% recorded in 2025.
  • Year-over-year, EBT Margin soared 257625 bps in 2022 and tumbled 335 bps in 2026.
  • Over 5 years, EBT Margin stood at 15.51% in 2022, then surged by 144 bps to 6.81% in 2023, then surged by 41 bps to 9.6% in 2024, then jumped by 65 bps to 15.8% in 2025, then surged by 51 bps to 23.8% in 2026.
  • Per Business Quant data, the three most recent EBT Margin figures were 23.8% in Q2 2026, 21.92% in Q1 2026, and 15.8% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Royal Caribbean Cruises 71.23 Bn 70.31 Bn 2.29 Bn 23.80%
2 Viking Holdings 38.98 Bn 34.99 Bn 996.62 Mn 27.14%
3 Carnival 32.12 Bn 29.88 Bn - 8.33%
4 Norwegian Cruise Line Holdings 7.08 Bn 6.86 Bn 1.05 Bn 8.56%
5 Lindblad Expeditions Holdings 1.73 Bn 1.37 Bn 96.64 Mn 0.55%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 23.80%
Mar 31, 2026 21.92%
Dec 31, 2025 15.80%
Sep 30, 2025 28.35%
Jun 30, 2025 27.15%
Mar 31, 2025 18.78%
Dec 31, 2024 9.60%
Sep 30, 2024 21.18%
Jun 30, 2024 19.59%
Mar 31, 2024 8.88%
Dec 31, 2023 6.81%
Sep 30, 2023 22.40%
Jun 30, 2023 12.09%
Mar 31, 2023 -2.53%
Dec 31, 2022 -15.51%
Sep 30, 2022 -1.40%
Jun 30, 2022 -23.57%
Mar 31, 2022 -107.02%
Dec 31, 2021 -133.56%
Sep 30, 2021 -313.53%